[DowJonesToday]Dow Jones Plummets as Hot PCE Inflation Data Dashes Rate Cut Hopes

The Dow Jones Industrial Average (^DJI) was down 793.47 (-1.73%) points today, closing at 45,166.64. This sharp decline was echoed in Dow Futures (YM=F), which dropped 809.00 (-1.75%) to 45,421.00. The dominant narrative driving the market was the release of the Personal Consumption Expenditures (PCE) price index, which showed inflation accelerating faster than anticipated. This data suggests the Federal Reserve may maintain restrictive interest rates throughout 2026, triggering a broad-based liquidation of ...